Discuss the importance of the UCC to the law of sales. Include who created the UCC, how it becomes law, and the stated purposes of the statute
The UCC is the major statute regulating commercial transactions, including sales of goods, in the United States. The UCC was created by two groups of scholars: the American Law Institute (ALI) and the National Conference of Commissioners on Uniform State Laws (NCCUSL). The UCC has no legal effect until it is adopted by a state legislature. All 50 states and the District of Columbia have adopted the UCC, but all have not adopted identical versions. Article 2 of the UCC is one of the most important articles in the Code, and it regulates the sale of goods. The stated purposes of the UCC are: (a) to simplify, clarify, and modernize the law governing commercial transactions; (b) to permit continued expansion of commercial practices through custom, usage, and agreement of the parties; and (c) to make uniform the law among jurisdictions.
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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